A friend of mine has been talking to a representative of Zacks financial management. They have been handling high net worth individuals since about 1997 or so. Their other claim to fame is doing quantitative analysis for large investment firms.
It looks like the program is managed by Zacks but executed by a local brokerage house who handles the trades. Seems like Zacks charges a 1.5% management fee. I’m not sure who picks up the trading costs.
Does anybody have knowledge of this firm or its track record? Has anybody done business with them or know someone that has?
Their portfolios seem to have beaten the S&P500 by a substantial amount over 1,3,5,7 & 10 year periods.
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan